FedEx (FDX) Projected to Post Quarterly Earnings on Thursday

FedEx (NYSE:FDX) is projected to announce its earnings results after the market closes on Thursday, March 20th. Analysts expect the company to announce earnings of $4.59 per share and revenue of $21.96 billion for the quarter. FedEx has set its FY25 guidance at $19.00-20.00 EPS and its FY 2025 guidance at 19.000-20.000 EPS.Investors interested in participating in the company’s conference call can do so using this link.

FedEx (NYSE:FDX) last released its quarterly earnings data on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share for the quarter, topping the consensus estimate of $3.88 by $0.17. FedEx had a net margin of 4.45% and a return on equity of 15.59%. The business had revenue of $22 billion for the quarter, compared to analyst estimates of $22.14 billion. During the same quarter last year, the firm earned $3.99 EPS. FedEx’s quarterly revenue was down .7% compared to the same quarter last year. On average, analysts expect FedEx to post $19 EPS for the current fiscal year and $22 EPS for the next fiscal year.

FedEx Stock Up 1.3 %

FedEx stock opened at $245.46 on Tuesday. The company’s 50 day simple moving average is $262.47 and its 200 day simple moving average is $273.86. FedEx has a fifty-two week low of $239.50 and a fifty-two week high of $313.84. The firm has a market capitalization of $59.12 billion, a price-to-earnings ratio of 15.64, a PEG ratio of 1.11 and a beta of 1.23. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.23 and a quick ratio of 1.19.

FedEx Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 10th will be paid a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a yield of 2.25%. The ex-dividend date of this dividend is Monday, March 10th. FedEx’s payout ratio is 35.18%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on FDX. Raymond James lowered shares of FedEx from an “outperform” rating to a “market perform” rating in a research note on Monday, February 3rd. BMO Capital Markets lifted their price target on shares of FedEx from $300.00 to $330.00 and gave the company a “market perform” rating in a research note on Friday, December 20th. UBS Group lifted their price target on shares of FedEx from $311.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, December 20th. Stifel Nicolaus cut their price target on shares of FedEx from $368.00 to $364.00 and set a “buy” rating on the stock in a research note on Thursday, January 23rd. Finally, Piper Sandler downgraded shares of FedEx to a “neutral” rating in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $318.04.

Insider Buying and Selling at FedEx

In other FedEx news, EVP John W. Dietrich bought 1,000 shares of FedEx stock in a transaction dated Tuesday, January 7th. The stock was bought at an average price of $273.98 per share, with a total value of $273,980.00. Following the completion of the transaction, the executive vice president now owns 9,067 shares in the company, valued at $2,484,176.66. The trade was a 12.40 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Amy B. Lane acquired 333 shares of the business’s stock in a transaction that occurred on Thursday, December 26th. The shares were purchased at an average cost of $276.06 per share, with a total value of $91,927.98. Following the transaction, the director now directly owns 333 shares of the company’s stock, valued at $91,927.98. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 8.87% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in FedEx stock. Brighton Jones LLC raised its position in shares of FedEx Co. (NYSE:FDX) by 12.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,825 shares of the shipping service provider’s stock after purchasing an additional 207 shares during the quarter. Brighton Jones LLC’s holdings in FedEx were worth $514,000 at the end of the most recent quarter. Institutional investors own 84.47% of the company’s stock.

About FedEx

FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. It operates through FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services segments. The FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; and time-critical transportation services.